Positive statement vs normative statement
[DOC File]CHAPTER 1
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a. Positive questions. b. Normative questions. c. All economic questions, both positive and normative. d. Questions about the choices made by individuals. 5. If the president of Colombia commented that “we should do something to reduce inflation in Colombia,” this would be an example of: a. a normative statement. b. a positive statement.
[DOCX File]Principles of Macroeconomics
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Positive economics. vs . Normative economics. Classify the following as positive statement or normative statement: a)The unemployment rate in July 2012 is 8.3%. b)The unemployment rate of 8.3% is too high. The government should do something to lower it! c)Prices rise when the government prints too much money. d)Government should not print too much money because it would cause inflation. …
[DOC File]Positive vs - SSCC
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The previous statement is. normative. positive. 3) Oranges and apples are substitutes and a storm in Florida ruined the production of oranges. These changes in the market for oranges will result in a movement along the demand curve for apples. a. True. b. False. 4) Will a $200 sales commission received by a stockbroker when she sells 300 shares of stock in a domestic firm increase this year ...
[DOC File]Test 1 Review .edu
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Positive vs. Normative Statement. Chapter 2. Opportunity Cost. Law of Rising Opportunity Cost. PPF. Comparative Advantage and Absolute Advantage. Chapter 16. Specialization- Why trade? Sources of Comparative Advantage. Chapter 3. Factors that shift the Demand Curve. Factors that shift the Supply Curve. Shifts vs Movements in Supply Curve . Explain what a Production Possibility Frontier graph ...
[DOC File]Introduction to - Weebly
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Positive vs. Normative Economics . Positive Statement Statements. that can be tested or rejected by referring to the available evidence and involve . objective explanation. Normative Statement Statements that express a . value judgement. about what ought to be. They are subjective statements rather than objective statements. For example, the top two statements are positive statements whereas ...
[DOC File]Normative and Descriptive Aspects of Decision Making
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For typical Operations Research problems, the information needed to solve a problem is given in the problem's statement. Contrary to the latter, the initial statement of any decision making problem has elements of uncertainty connected with a lack of information on general criterion of the solution's quality and/or the consequences of the decision's variants. This is why information from a ...
[DOCX File]apps-dso.sws.iastate.edu
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Positive Statement. Efficiency vs. Equity. Normative Statement. Which of the following is not considered a factor of production? Land. Labor. Money. Capital. Which of the following is not included in the circular flow diagram? Factors of Production. Goods and Services. Supply and Demand. Revenue. Households . If the opportunity cost of a good rises as the economy produces more of the good ...
[DOC File]Topic 7 - Positive Theory
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Positive Accounting Theory. Philosophy of PAT. Million Friedman championed positive theories in economics. He stated that: (part 3 Empirical Research in Accounts of Accounting theory from Jayne Godfrey) The ultimate goal of positive science (i.e. INDUCTIVE) is The development of a ‘theory ‘ or ‘hypothesis’; that yields valid and meaningful “Predictions’ about phenomena not yet “o
[DOC File]The Test of Narrative Language - University of Alberta
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Inter-rater: Upfront (the first statement in this section) the authors state, “Interscorer reliability for tests such as the TNL is a serious concern because a certain amount of subjectivity is involved in scoring a child’s responses despite clear scoring criteria” (Gillam & Pearson, 2004, p. 45). Scorer reliability was investigated in two ways: Intra-rater between audiotape scoring and ...
[DOC File]Normative Accounting Theories
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Chapter 4 - Normative Accounting Theories. H. istorical cost accounting in times of rising prices (cont) Point to note: It has been argued that historical cost accounting information suffers from problems of relevance in times of rising prices. At issue is whether it is really logical to add together assets acquired in different periods when those assets were acquired with dollars of different ...
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